PICTURES: Oxford’s Lloyds Bank closes down forever

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A bank in Oxford shut its doors for the final time this week as it closed down permanently.

The branch closed down as part of a mass closure across the country by the bank’s parent company, Lloyds Banking Group.

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Oxford Mail: The bank's sign has now been removedThe bank’s sign has now been removed

In March, the parent company announced it will shut 24 Lloyd Banks, 19 Bank of Scotlands and 17 Halifax banks.

The decision was made after the number of customers using online banking reached an all-time high this year, the company said.

Oxford Mail: The bank was closed due to falling numbers of people visiting the branch The bank was closed due to falling numbers of people visiting the branch

It said it now has 18.6 million regular online banking customers – up 12 per cent – and more than 15 million mobile app users up 27 per cent in the past two years.

Pictures taken yesterday (July 22) show the branch’s sign being removed by workers as the bank is officially closed down.

Oxford Mail: The bank officially closed on Thursday The bank officially closed on Thursday

Vim Maru, group retail director at Lloyds Banking Group, said: “Just like many other high street businesses, fewer customers are choosing to visit our branches.

“Our branch network is an important way for us to support our customers, but we need to adapt to the significant growth in customers choosing to do most of their everyday banking online.”

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This story was written by Sophie Perry. She joined the team in 2021 as a digital reporter.

You can get in touch with her by emailing: sophie.perry@newsquest.co.uk

Follow her on Twitter @itssophieperry

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